| Issuer |
Village of Montgomery |
| State |
Illinois |
|
Amount1 |
$4,485,000 |
| Type
Issue/Series |
General Obligation Alternate Revenue Source Refunding Bonds,
Series 2011 |
|
Rating |
Moody's: Aa3 |
| Bank
Qualified |
Yes |
|
Good Faith |
$89,700 (2% of par) wire transfer, surety bond, or check is required prior to bid. |
|
|
Sale Date |
11/28/11 |
|
Dated Date |
12/15/11 |
| Settlement
Date2 |
12/15/11
|
|
Sale Time |
12:15 PM - 12:30 PM Eastern Time |
|
|
Interest Due |
6/1, 12/1 |
| Principal Due |
12/01/12 - 12/01/24 |
| First Interest
Date |
6/01/12 |
| Call Dates |
12/01/20 @ Par |
| Term Bonds |
Allowed - Starting 2012 - Max 5 |
|
Min. Bid Price
|
99.220% |
| Bid Details |
Max. Spread: 3.00%
Non-descending Coupons Required - Starting 2012
Multiple: Either 1/8th or 1/20th or 1/100th of 1%
|
| Insurance |
Bidder's Option / Bidder Pays / Not Factored into TIC |
| Other Details |
The premium or discount, if any, is subject to pro rata adjustment if the maturity amounts of the Bonds are changed, allowing the same
dollar amount of profit per $1,000 bond as submitted on the Official Bid Form.
The Village will pay for the legal opinion.
The underwriter agrees to apply for CUSIP numbers within 24 hours and pay the fee charged by the CUSIP Service Bureau and will accept the Bonds with the CUSIP numbers as entered on the Bonds. |
|
| Bid Format |
All-Or-None |
| Auction Format |
Open |
| Award Basis
|
TIC to Dated Date |
| Two-Minute Rule
|
Yes |
| Bond Counsel |
Katten Muchin Rosenman LLP,
Chicago, IL |
| Web
Site |
www.SpeerAuction.com |
| Contact |
Speer Financial, Inc.
One North LaSalle Street, Suite 4100
Chicago, IL 60602
ATTN: Brenda Housten
Telephone: 312-529-5886
Email: bhousten@speerfinancial.com |
|
|